{"id":3890,"date":"2020-05-17T09:31:33","date_gmt":"2020-05-17T06:31:33","guid":{"rendered":"https:\/\/bazaartimes.com\/?p=3890"},"modified":"2020-05-17T09:31:39","modified_gmt":"2020-05-17T06:31:39","slug":"turkey-budget-balance-posts-11-6b-gap-in-jan-april","status":"publish","type":"post","link":"https:\/\/bazaartimes.com\/turkey-budget-balance-posts-11-6b-gap-in-jan-april\/","title":{"rendered":"Turkey: Budget balance posts $11.6B gap in Jan-April"},"content":{"rendered":"\n<p><strong><em>Tax revenues total $23.1B, while interest payments amount to $35.8B in 4-month period<\/em><\/strong><\/p>\n\n\n\n<p>The Turkish central government registered a 72.8 billion Turkish lira (some $11.6 billion) budget deficit in January-April, the Treasury and Finance Ministry reported Friday.<\/p>\n\n\n\n<p>The country&#8217;s budget revenues reached 321 billion Turkish liras ($51 billion) in the first quarter of this year, up 16% year-on-year.<\/p>\n\n\n\n<p>Budget expenditures rose 19% on an annual basis to hit 393.8 billion Turkish liras (62.5 billion) from January to April \u2013 marking a 72.8 billion Turkish lira (some $11.6 billion) gap.<\/p>\n\n\n\n<p>The budget balance, excluding interest payments, posted a deficit of 17.5 billion Turkish liras ($2.8 billion) in the first four months of this year.<\/p>\n\n\n\n<p>Official figures showed that tax revenues surged 10.8% to 225.2 billion Turkish liras ($35.8 billion), while interest payments were 55.3 billion Turkish liras ($8.8 billion) over the same period.<\/p>\n\n\n\n<ul><li>Monthly figures<\/li><\/ul>\n\n\n\n<p>In April, the budget balance also saw a deficit of 43.2 billion Turkish liras ($6.3 billion).<\/p>\n\n\n\n<p>Turkey&#8217;s budget revenues totaled 65.2 billion Turkish liras ($9.5 billion) last month, down 13% on a yearly basis.<\/p>\n\n\n\n<p>Budget expenditures in April were 108.4 billion Turkish liras ($15.8 billion), a rise of 42% annually.<\/p>\n\n\n\n<p>Excluding interest payments, the central government budget balance saw a gap of 26.2 million Turkish liras ($3.8 billion) last month.<\/p>\n\n\n\n<p>The average US dollar\/Turkish lira exchange rate in April was 6.85, while one dollar traded for 6.30 liras on average in the first four months of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax revenues total $23.1B, while interest payments amount to $35.8B in 4-month period The Turkish central government registered a 72.8 billion Turkish lira (some $11.6 billion) budget deficit in January-April, &hellip;<\/p>\n","protected":false},"author":2,"featured_media":3891,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[1036],"tags":[588,590,1836,2302,5,2220],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/bazaartimes.com\/wp-content\/uploads\/2020\/05\/calculator.jpg?fit=804%2C443&ssl=1","_links":{"self":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/3890"}],"collection":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/comments?post=3890"}],"version-history":[{"count":1,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/3890\/revisions"}],"predecessor-version":[{"id":3892,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/posts\/3890\/revisions\/3892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media\/3891"}],"wp:attachment":[{"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/media?parent=3890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/categories?post=3890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bazaartimes.com\/wp-json\/wp\/v2\/tags?post=3890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}